According to a new market
report published by Transparency Market Research "Defibrillators Market (Advanced Life Support, Automated External
Defibrillators, Implantable Cardioverter Defibrillators, Wearable
Defibrillators) - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 - 2019," the global defibrillators market was valued at
USD 9.3 billion in 2012 and is expected to grow at a CAGR of 6.2% from 2013 to
2019, to reach an estimated value of USD 14.2billion in 2019.
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the Global Defibrillators Market Report with Full TOC: http://www.transparencymarketresearch.com/defibrillators-market.html
Defibrillator devices are
used to treat life-threatening cardiac arrhythmias, particularly ventricular
fibrillation and pulseless ventricular tachycardia. These devices provide an
electrical shock, having energy 40 - 400 Joule to the heart muscles, which
terminates the arrhythmia and restores the normal sinus rhythm in the heart.
Since the defibrillator devices are very useful in preventing deaths due to
sudden cardiac arrest (SCA), the large number of SCA incidences across the
globe is the major driver for the growth of this market.
Growing incidences of
cardiovascular diseases and disorders combined with aging of baby boomer
population in the U.S. are contributing to the growth of the global
defibrillators market. Furthermore, the market is more driven by demand from
emerging countries from Asia-Pacific and the Middle-East. Increasing trend
towards installations of AEDs at workplaces by businesses is expected to serve
as a good opportunity for the growth of global defibrillators market.
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The global defibrillators
market has been segmented on the basis of product types, end-users and
geographic regions. On the basis of defibrillator types, the market is divided
into advanced life support (ALS) defibrillators, automated external
defibrillators (AEDs), implantable cardioverter defibrillators (ICDs) and
wearable defibrillators. In 2012, implantable defibrillator devices accounted
for the largest share by revenue of the global defibrillators followed by ALS
defibrillators. The global rise in the healthcare infrastructure which include
state-of-the-art hospitals and ambulances equipped with advanced medical
devices is seen as a driver for ALS defibrillator segment.
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The report also provides
market estimations for the end-users of defibrillator devices during the
forecast period of 2013 to 2019. The market has been categorized on the basis
of end-users into five major segments, namely, hospitals, home, public access,
emergency medical services and business workplace. In 2012, the hospitals as an
end-user category shared more than 90%of the global defibrillator market. Other
segments which are expected to grow rapidly during the forecast period are
public access and business workplace. The government initiatives for creating
awareness about the usefulness of AEDs in SCA will be the crucial factor for
the growth of this market. Although the FDA initiatives to tighten the AED
approval process, through pre-market approval (PMA), are likely to impact the
market negatively, the grace period implementing changes is considerable enough
for manufacturers in the defibrillators market.
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Geographically,
North America is the largest market for defibrillator devices and is expected
to retain its top position throughout the forecast period. The rising awareness
about the SCA and defibrillators in the USA and Canada is contributing to
overall growth of defibrillators market in the region. In addition, legislation
requiring installation of AEDs for public access and 'Samaritan Laws' providing
immunity to first responders are driving factors for the market. Europe was the
second largest market for defibrillator devices in 2012. During the forecast
period, 2013 to 2019, Asia-Pacific and Middle-East are expected to grow at a
faster pace than North America and Europe owing to the large patient base,
increasing incidences of cardiovascular diseases and rising per capita
expenditure on healthcare. The strengthening of economies in the Asia-Pacific
and the subsequent rise in the healthcare infrastructure are propelling the
market for defibrillators in this region.
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